Transparency Market Research (TMR) has announced the release of a new report on the Saudi Arabia personal protective equipment market. The report contains detailed information on the historical trajectory of the market up to 2014 and studied forecasts regarding the market’s development from 2015 to 2021.
The report is titled ‘Personal Protective Equipment Market – Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021’ and is available for sale on TMR’s official website.
According to the figures presented in the report, the Saudi Arabia personal protective equipment market generated revenue of US$275.1 mn in 2014. TMR analysts expect the market to exhibit a sturdy 7% CAGR in the 2015-2021 forecast period. This will result in the market’s annual revenue rising to US$444.2 mn.
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Personal protective equipment consists of various devices and contraptions that protect an individual from accidents in the workplace. Saudi Arabia has emerged as a promising market for personal protective equipment in recent years due to the rising incorporation of rules set by the Occupational Safety and Health Administration (OSHA) and the increasing awareness about worker safety. The Saudi Arabia market for personal protective equipment is expected to exhibit steady growth in the coming years and drive the overall personal protective equipment in the Middle East as a result.
The oil and gas sector is the major end user of personal protective equipment in Saudi Arabia. The industry accounted for 40% of the Saudi Arabia personal equipment market in 2014 and is expected to remain the leading end-use segment of the market for years to come. The rising demand for petroleum fuels is the primary driver for the Saudi Arabia oil and gas industry, thus indirectly driving the Saudi Arabia personal protective equipment market.
Based on product type, the report segments the Saudi Arabia personal protective equipment market into head protection, eye and face protection, professional footwear, protective clothing, fall protection, hand protection, respiratory protection, and hearing protection. Of these, professional footwear accounted for a dominant share in the Saudi Arabia personal protective equipment market in 2014. The dominance of the professional footwear segment can be attributed to its high demand from the oil and gas sector.
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Head protection equipment is expected to exhibit a robust growth rate in the coming years. The rising awareness about the importance of head protection is responsible for the growing demand for head protection equipment.
While the Saudi Arabia market for personal protective equipment is driven by the rising regulatory support and growing awareness, the increasing production of off-brand local products is a threat to the organized personal protective equipment market.